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Ebay selling a VIP Platinum Account?

Discussion in 'Wyndham Vacation Resorts' started by Jonishere55, Apr 21, 2017 at 8:28 AM.

  1. Jonishere55

    Jonishere55 Guest

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  2. Roger830

    Roger830 TUG Member

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    There was a similar auction a few months ago that was discussed here, outcome unknown.

    Some here were given platinum after buying resale. Perhaps it happens if it's a new account.

    When I bought my first contract, the prior owner didn't have any other contracts, so they just replaced his personal info with mine using the same member number. If it was platinum, perhaps it would have stuck.
     
  3. ronparise

    ronparise TUG Member

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    My first resale purchase was three converted fixed weeks; 385000 points (154k, 126k, and 105k) and I became an instant Silver. I never figured out how or why or if it could be duplicated. There have also reports here on tug from others that got "surprise" vip status with resale purchase. and I remember one guy that said he knew of certain contracts that transferred with vip eligibility intact. And there was a time that you could convert Pahio weeks (purchased on the secondary market) to VIP eligible points with a small direct purchase. I did that twice. I never sold those weeks, but isnt it possible that they would transfer with the vip eligibility intact?


    So maybe the ebay guy has figured out the secret... If you buy I would make sure your money is held in escrow to be released only when you see that you have a VIP account
     
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  4. Braindead

    Braindead Guest

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    It's the same seller as the last one. So it must of been successful.

    I love the innocents Ron!! You have no idea who it is. Right
    HA-HA-HA
     
  5. Braindead

    Braindead Guest

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    I actually should have bought the last one.
    Would've saved me $70,000.00.

    Oh well life goes on. At least I paid cash.
    I also know at least 2 more generations are enjoying it also.
     
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  6. Jan M.

    Jan M. Guest

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    Resorts Owned:
    Wyndham Presidential Reserve at Panama City Beach
    RCI Grandview Las Vegas and Discovery Beach
    I looked at this listing and at the seller's feedback. The previous platinum contract this seller sold was sold in mid February. Has there been enough time for the ownership to have transferred over yet? You can only add feedback on a sale or purchase for a limited amount of time. The timeshares take longer to close than than the timeframe to add feedback. I would want to know the name of the closing company to be able to check them out beforehand. Isn't the closing company who you send your payment to and they hold the money in escrow?
     
  7. spackler

    spackler TUG Member

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    I'd be leery, honestly. Maybe it will work out at first, then 2 years from now WYN does one of their infamous "audits" & you're stripped of VIP status.
     
  8. Braindead

    Braindead Guest

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    Exactly why I didn't buy the first one.

    It was listed right here on Tug before it was on eBay. I inquired about it here and got cold feet. For the exact reason you stated.

    I don't know if points and keeping direct purchase benefits are tied to the deed or not. These contracts are converted weeks at certain resorts. I could be wrong on thst
    Ron or one of a handful of owners can answer that.
     
  9. nicemann

    nicemann TUG Member

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    Maintenance Fee: $5,121 Annually or $427 Monthly
    (That's ONLY $3.59/1000 points!)

    How is the MF so low?
     
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  10. morrisjim

    morrisjim TUG Member

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    One safe way to purchase these points is to put the purchase on a credit card, but only if the transfer happens within 60 days. If the VIP membership doesn't transfer and the purchase is within 60 days dispute the charged as being fraud. The wording in the add states in so many word that the purchase includes a VIP Platinum ownership. But you are always running the risk the account with be reconciled down the road and losing the benefit.
     
  11. BigRedNole

    BigRedNole Guest

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    If this was legit and you are GUARANTEED Platinum VIP, I would consider it if I were in a position to.
     
  12. morrisjim

    morrisjim TUG Member

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    There are no guarantees and it go against Wyndham published policies. It's too risky unless someone wants that many points. After all, points are points. .
     
  13. ronparise

    ronparise TUG Member

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    No one can know what Wyndham might do in the future Even a VIP ownership purchased directly from Wyndham might lose benefits...... Oh wait. That just happened

    The only guarantee the seller can offer is that your money will be held in escrow until each transfer is complete and your account says platinum VIP at the top. If it dosent you get your money back and the points for free

    Assuming the mf is as stated then this thing is probably worth 3 cents a point even without the VIP


    Last thing: if I was selling this I wouldn't accept credit cards I'd want a wire. Because as any real estate agent will tell you "buyers are liers"

    My point is the the seller has to trust the buyer as much as the buyers have to trust the seller. If your due diligence leaves you still not trusting this guy , don't buy.

    I'm waiting for his price to come down a bit. If I can get this for 2 cents a point I'm willing to take the risk I know it's worth that much to me even without the VIP fees
     
    Last edited: Apr 21, 2017 at 10:29 PM
  14. Sandy VDH

    Sandy VDH TUG Review Crew: Expert TUG Member

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    Ron

    I thought you were getting rid of points not getting more of them. Or it is just something you do by habit?
     
  15. ronparise

    ronparise TUG Member

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    I don't own anything but I am a broker. Can you say "points manager"
     
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  16. Bigrob

    Bigrob TUG Member

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    May need to check whether that includes the associated CWP fees or not. There are a (very few) resorts that offer fees under $4/K. Bali Hai, Canterbury, South Shore, a few select converted weeks, etc. Not saying it isn't right but might not have the CWP fees included.
     
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  17. Braindead

    Braindead Guest

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    I trusted the seller. After all he wears the Blue everyday at work.
    I was worried Wyndham would take away the VIP in a year or two.

    Agree with Rons price if someone can use the points. What you save in MFs will pay for the points in a few years and probably hold its value.

    I don't want a second membership so I'm out. I must be the only one affected by the 10 contract rule
     
  18. morrisjim

    morrisjim TUG Member

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    Ron, you are saying we should trust the sellers. What if they are Wyndham sales weasels? I'm just asking. . .
     
  19. nicemann

    nicemann TUG Member

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    I was not afraid to ask, sure the seller who was on TUG before is probably reading this thread anyways. The seller states this account is made up of four deeded points contracts all at Bali Hai. That would explain the MFs. According to the sticky thread it is $3.45 per 1k so adding in the club fee that should be close.

    If you are in the market for VIP and willing to roll the dice on what will happen with this contract in the future it maybe worth it.
     
  20. ronparise

    ronparise TUG Member

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    Absolutely. If you are buying anything you have to trust the seller. If you can't establish a trusting relationship, walk away
     
  21. uscav8r

    uscav8r TUG Review Crew: Expert TUG Member

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    Even if this does not include the program fee, the high side of the MF would only be $4.16.


    Sent from my iPhone using Tapatalk
     
  22. nicemann

    nicemann TUG Member

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    It is Bali Hai, seller confirmed when I asked.
     
  23. uscav8r

    uscav8r TUG Review Crew: Expert TUG Member

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    He didn't happen to tell you what size the underlying contracts were did he?


    Sent from my iPhone using Tapatalk
     
  24. Braindead

    Braindead Guest

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    I will give you a clue.
    He liked Ron's earlier post.
    Yes he's watching and reading
     
  25. dagger1

    dagger1 TUG Member

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    Ron, I talked to a points manager you mentioned in a thread, can't remember where. They seemed only interested in VIP status contracts. For resale accounts their offer would have covered about half of my MF's. Is this your experience. We are using, and will use all of our points for the next several years, so no real issue for us. But points managers are going to become a more and more useful resource I think.
     
    Last edited: Apr 21, 2017 at 8:21 PM

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